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Emily Stewart——Studied at University of California, Los Angeles (UCLA), Lives in Los Angeles, CA
An
excise or
excise tax (sometimes called an
excise duty) is a type of tax charged on goods produced within the country (as opposed to customs
duties, charged on goods from outside the country). It is a tax on the production or sale of a good. This tax is now known as the Central Value Added Tax (CENVAT).
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